The global market will grow from $4.91 billion in 2013 to $8.07
billion by 2018, at a CAGR of 10.4%.

Data Center Cooling, a critical element in the efficient functioning of
a data center, signifies the cooling systems and technologies for
enhancing its performance. Efficient cooling technologies highly reduce
the operational cost of a data center. Because of traction in data
center deployment rate, requirement is continuously increasing, creating
opportunity for various data center equipment and service companies to
take a dive in this pool. For achieving efficient and cost-effective
operation of a data center, it is extremely important to reduce the cost
associated with it.

In the present scenario, organizations are moving from maintaining
manual records to maintaining electronic records. This transition of
data management from manual to electronic requires efficient data
storage. Also, government has started imposing various environmental
regulations on the data center operations, creating demand for
eco-friendly solutions. It is estimated that cooling contributes to 40%
of total data center power consumption, thus it is strictly required to
reduce the cost associated with power consumption involved in cooling of
data centers. So, with the increasing need of operational cost reduction
across various industry verticals, data center managers are forced to
implement cost-effective and efficient data center cooling technologies,
as with efficient cooling technologies, energy consumption can be
reduced by 70%.

The market for data center cooling is thriving, and in the coming years
it will present huge potential opportunity to various cooling equipment
manufacturers, cooling solution providers and cooling services
providers. . In this research report, MarketsandMarkets has segmented
the market into solutions and service segments, across various
geographical regions such as North America (NA), Europe (EU), Asia
Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).
Also, the market has been segmented into diverse industry verticals
including, telecom and IT, BFSI, healthcare, government, oil and gas and
other verticals. In terms of type of users, MarketsandMarkets has
segmented the market in cloud providers, colocation providers and
enterprises.